Brady's listing of deferred tax assets and liabilities includes the following for operations in the tax jurisdictions of Tambura and Nileboo: Tambura:
Deferred tax asset of $19 million
Valuation allowance of $16 million
Deferred tax liability of $28 million
Nileboo:
Deferred tax asset of $60 million
Deferred tax liability of $17 million
Brady files separate tax returns in Tambura and Nileboo. Brady’s balance sheet would include the following disclosure of deferred tax assets and liabilities:.